Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Update

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 100,300 shares, a drop of 22.8% from the November 15th total of 129,900 shares. Based on an average trading volume of 423,500 shares, the days-to-cover ratio is presently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.2 %

KYN traded down $0.16 on Monday, hitting $12.59. 579,193 shares of the company’s stock were exchanged, compared to its average volume of 462,153. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $8.35 and a fifty-two week high of $13.69. The firm has a 50-day moving average price of $12.46 and a 200-day moving average price of $11.24.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.96 annualized dividend and a yield of 7.63%.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, purchased 280,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the purchase, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in Kayne Anderson Energy Infrastructure Fund by 4.3% during the 3rd quarter. US Bancorp DE now owns 51,732 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 2,149 shares during the last quarter. Cetera Advisors LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 1st quarter worth $137,000. Cambridge Investment Research Advisors Inc. boosted its stake in Kayne Anderson Energy Infrastructure Fund by 15.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 111,220 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 15,293 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $327,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 20.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,706 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,661 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.